published on August 20, 2019 - 1:59 PM
Written by Associated Press

Financial companies led a modest slide by stocks on Wall Street as a mixed batch of company earnings and declining bond yields weighed on the market.

The selling pulled every major sector lower on Tuesday, snapping a three-day winning streak for the S&P 500.

Banks took the biggest losses as investors reacted to another drop in long-term bond yields.

The yield on the 10-year Treasury note slipped to 1.55% from 1.59% lateĀ  Monday.

Lower bond yields mean lower interest rates on loans and lower profits for banks. Bank of America dropped 2%.

The S&P 500 fell 23 points, or 0.8%, to 2,900.

The Dow Jones Industrial Average lost 173 points, or 0.7%, to 25,962. The Nasdaq fell 54 points, or 0.7%, to 7,948.


e-Newsletter Signup

Our weekly poll

Is your company participating in the federal payroll tax deferral program?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY